Spanaway, Washington is a medium-sized city with a population of 29,834 people. Spanaway has a population density of 3,403 people per square mile. This would be considered well above the national population density level. If we look at the most recent Census, Spanaway is known to have a predominantly White population. The next two most common races are Black and Native Hawaiian. If you are looking for a family friendly city, Spanaway might be a good fit as 74% of the population over 15 years old are married, and 57% have kids who are 18 years old or younger.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a great experience if you are willing to get to know the city before actually living in Spanaway, Washington. Using the livability score which includes data from categories like amenities, crime, weather, education, you can easily compare the best places to live in Spanaway and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Spanaway to Washington and the national average.
With a livability score of 67/100, Spanaway is ranked #15,093 in the United States and #274 in Washington. Based on the rankings for each individual category, Spanaway has been rewarded with high marks for amenities (A+) and housing (B+). Regrettably for Spanaway, there are some categories for which it does not score well, this includes: crime (F), cost of living (D-) and education (D-).
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Spanaway on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Spanaway has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Spanaway real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Spanaway. Median real estate prices in Spanaway come in at $187,200, which is 30.5% lower than the Washington average. The home price to income ratio compares the median home prices to the median household income. In Spanaway, the home price to income ratio is 3.1, which is 27.9% lower than the Washington average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Spanaway area were 9.6% and 5 year appreciation rates were 9.8%.